Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download PDFDownload PDF 

Previous Fragment    Next Fragment

CORPORATIONS LAW (SECURITIES AND FUTURES) AMENDMENT BILL 1994 [1995]

Order of the day read for the adjourned debate on the motion of the

Minister for Family Services (Senator Crowley)--That this bill be now

read a second time.

Debate resumed.

Senator Vanstone moved the following amendment:

At end of motion, add "but the Senate criticises the Government and

the Attorney-General for their handling of this bill, and in

particular condemns:

(a) the inappropriate manner of facilitating the desire of the

Australian Stock Exchange to trade share ratios;

(b) the initial attempt to pass the amendments without

consultation;

(c) the Government's clear inability to come to grips with the

regulation of derivatives in Australia; and

(d) the Attorney-General's administrative bungling of the proposed

legislation".

Debate ensued.

Question--That the amendment be agreed to--put and passed.

Main question, as amended, put and passed.

Bill read a second time.

The Senate resolved itself into committee for the consideration of the

bill.

In the committee

Bill, taken as a whole by leave, agreed to.

Bill to be reported without amendment.

The Acting Deputy President (Senator Colston) resumed the Chair and the

Chairman of Committees (Senator Crichton-Browne) reported accordingly.

On the motion of the Minister for Small Business, Customs and

Construction (Senator Schacht) the report from the committee was adopted

and the bill read a third time.